Vodafone

Out of over 7,000 firms

Bias towards income payers

'Style of the fund has changed dramatically'

In tandem with global equities, the UK market has declined 16% from its April peaks. Volatility has spiked and confidence has collapsed.

Jamie Clark, co-manager on the Liontrust Macro UK Growth and Macro Equity Income funds, names his favourite transformational stocks in the telecommunications sector.

UK equity managers Simon Brazier and Clive Beagles have turned more positive on Vodafone, snapping up shares in the company three years after they both cautioned about the telecom's prospects.

The FTSE 100 climbed in morning trading despite a 4% slump in Royal Mail shares as RBS and Sainsbury lifted UK blue chips.

Scott McKenzie, investment director and manager of the Saracen UK Income fund, says the largest dividend payers in the UK market currently offer limited potential for growth, particularly as the strong dollar is masking inherent weaknesses in many business...

Headline dividends more than halved in the first quarter of 2015, according to Capita, although it has revised up its annual forecast.

Embattled supermarket Tesco has suffered a further blow in the form of an investigation by the industry regulator into its treatment of suppliers.